Position is responsible for developing, implementing, and overseeing the comprehensive insurance and risk management program for Wells. This leader works collaboratively with senior leaders, legal, finance, and operations teams to safeguard the company’s assets, ensure compliance, and protect against financial losses by managing insurance portfolios, self-insurance, and other mitigation programs.
ACCOUNTABILITIES:
1. Develop, implement, and oversee the organization’s insurance program including property, cyber, casualty, product liability, aviation, and professional coverages.
2. Evaluate and recommend appropriate policies and limits, negotiating terms, premiums, and renewals with brokers and carriers to ensure effective and cost-effective coverage.
3. Manage the relationships with insurance brokers, underwriters, consultants, and other external partners.
4. Collaborate with internal stakeholders to analyze business operations, projects, and contracts to ensure adequate risk transfer and insurance requirements are met.
5. Oversee claims management process, including reporting, investigating, documenting and resolving claims related to property, auto, transportation, employee, product, and general liability, working closely with legal counsel as needed.
6. Lead, mentor, and develop the insurance and risk management team.
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EDUCATION: Bachelor’s degree in Risk Management, Insurance, Business Administration, or related field.
EXPERIENCE: Minimum of 10 years of insurance and leadership experience, preferably within the food, consumer goods, or manufacturing industries. Professional certifications are desirable.
SPECIFICATIONS: Knowledge, Skills & Abilities
Knowledge: Industry knowledge with a deep understanding of insurance products, risk management practice, and regulatory requirements.
Leadership: Proven ability to lead teams and effectively manage direct reports.
Skills: Strong negotiation skills to influence stakeholders and secure optimal insurance terms. Problem solving and analytical skills with the ability to evaluate evolving and complex risk scenarios, making informed recommendations and resolving challenges.
Abilities: Collaboration and teamwork and the ability to work effectively with a diverse, cross-functional team including Wells, the global Ferrero organization, and multiple external partners. Strong attention to detail in policy review, claims documentation, and compliance monitoring. Strong judgement and the commitment to integrity, confidentiality, and ethical business practices.
Requires occasional travel
SUPERVISORY SCOPE: Reports to CFO. Has direct reports.
FINANCIAL SCOPE: $50 Million
Headquartered in Le Mars, Iowa, Wells Enterprises, Inc. is the largest privately held ice cream manufacturer in the United States. Founded in 1913 by Fred H. Wells and run by the Wells family for generations, the company is an independent operating company of the Ferrero Group, one of the global leaders in sweet packaged foods. We produce more than 900 ice cream and frozen novelties treats. Wells produces Blue Bunny® ice cream, frozen novelties and specialty frozen desserts along with the iconic Bomb Pop® brand. So much ice cream is produced in Le Mars by Wells that the city was designated as the Ice Cream Capital of the World® by the Iowa legislature!
Blue Bunny branded items are distributed across the nation. Ice cream enthusiasts can find their favorite Blue Bunny products in grocery, convenience and club stores, on mobile vending trucks and in foodservice settings (such as educational institutions, hospitals and restaurants). The company’s corporate office and two ice cream plants are located in Le Mars. Our two other ice cream plants, one in Henderson, NV and the other in Dunkirk, NY help supply our frozen treats across the United States.
Over 4,000 production, sales, office, and support personnel make up the Wells family. With its state-of-the-art production facilities the company is cited by many industry experts as one of the most technically advanced in the industry.
